Friday, February 8, 2008

market summary,buy call

mkt was very volatile tdy,inflation numbers were higher than expected,what it did was to spoil
all chances of an interest rate cut in the coming days.so all interest rate sensitive sectors fell.

what to do now ,first dont watch the analyst in T.V ,ONE OF THEM IF I REMEMBER CORRECTLY ,TEK MIRCHANDANI WAS SAYING THAT MKT WILL GO BACK TO THE PLACE FROM WHERE IT STARTED ,DOES HE MEAN THEY WILL START THE INDEX FROM ZERO.
(joking),or more aptly to 3000 levels from where the bull run started.
fundamentally good stocks dont change overnight,GDP is still growing at 8.5% +,soft interest rates in US will push risk takers for attractive returns to emerging markets so the mkts will move again.

so invest in phases 5% to 10% on every fall ,so far we have fallen and risen so many times this is not a traders market but an investors market.
dont waste cash in trading invest and wait for 10 months max we will double fro current levels.

buy
bartronics
gareware offshore
mrpl
rpl
kcp
engineers india
lt
reliance industries
bhel
jp hydro
dcb bank

rgds
subbu

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